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CryptoPAMM
Apr 4, 2018 1:03 PM

YOYO vs Bitcoin Can't Break Above Long

Description

Yoyow coin has found the support at 88.6 Fibonacci retracement, that is 810 satoshis. The support was rejected cleanly, although price has formed a strong resistance at 1140 satoshis, that YOYO/BTC failed to break on multiple attempts.

However, while the support is holding there is a good probability of the potential corrective move up, but only if YOYO/BTC will managed to break and close above the 1140 satoshis resistance. When/if that happens, Yoyow could jump up towards 76.4% Fibonacci retracement at 2175 satoshis, where previously resistance was formed.

On a downside, if Yoyow continues to trade below 1140 satoshis resistance price could go down and perhaps below the 810 support, before correcting up.

Comment

YOYO broke the resistance

Trade closed: target reached

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